Planned Solutions Inc. Takes $208,000 Position in Welltower Inc. (NYSE:WELL)

Planned Solutions Inc. purchased a new position in shares of Welltower Inc. (NYSE:WELL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,307 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Other large investors also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. increased its position in shares of Welltower by 40.0% during the first quarter. Panagora Asset Management Inc. now owns 17,381 shares of the real estate investment trust’s stock worth $1,671,000 after acquiring an additional 4,962 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Welltower by 35.4% in the first quarter. Sequoia Financial Advisors LLC now owns 5,254 shares of the real estate investment trust’s stock valued at $505,000 after buying an additional 1,373 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Welltower by 3.3% in the first quarter. Baird Financial Group Inc. now owns 31,094 shares of the real estate investment trust’s stock valued at $2,989,000 after buying an additional 982 shares during the last quarter. Covestor Ltd grew its holdings in shares of Welltower by 97.4% during the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 147 shares during the last quarter. Finally, West Family Investments Inc. purchased a new position in shares of Welltower during the first quarter worth about $220,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on WELL shares. JPMorgan Chase & Co. raised Welltower from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $92.00 to $99.00 in a report on Monday, December 18th. Scotiabank reduced their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective for the company. Mizuho raised their price objective on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, KeyCorp lifted their price target on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.69.

Welltower Stock Performance

NYSE:WELL opened at $92.80 on Thursday. Welltower Inc. has a twelve month low of $67.05 and a twelve month high of $94.63. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $52.79 billion, a price-to-earnings ratio of 145.00, a PEG ratio of 2.32 and a beta of 1.08. The firm’s fifty day simple moving average is $90.61 and its 200 day simple moving average is $88.05.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts expect that Welltower Inc. will post 4.02 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s dividend payout ratio (DPR) is 381.26%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.